Tax, One Of The Only Certainties

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 221.21 points at 28965.95
• ASX 200 down 9.847 points at 7045.6
• Shanghai Comp. up 1.566 points at 3466.68
• JGB 10-Yr future down 2 ticks at 151.57, yield down 0.7bp at 0.065%
• Aussie 10-Yr future down 3.5 ticks at 98.310, yield up 3.6bp at 1.735%
• U.S. 10-Yr future -0-01+ at 132-16, yield up 1.94bp at 1.557%
• WTI crude up $0.46 at $61.89, Gold up $0.94 at $1784.71
• USD/JPY down 8 pips at Y107.89
• BIDEN EYEING TAX RATE AS HIGH AS 43.4% IN NEXT ECONOMIC PACKAGE (BBG)
• JAPAN SET TO DECLARE STATE OF EMERGENCY ACROSS SEVERAL PREFECTURES
• PEOPLE IN ENGLAND COULD GET COVID PASSPORTS FOR FOREIGN TRAVEL BY 17 MAY (GUARDIAN)
• ROCKETS HIT U.S. BASE AT BAGHDAD AIRPORT (SUMARIA)